Wharfside

From R 1 025 000 to R 3 800 000

5 Unit Types Available

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111 LUXURY APARTMENTS AT DURBAN POINT WATERFRONT

Durban Point Waterfront is one of the most exciting and significant mixed use development projects currently underway in KZN, that has already transformed a large portion of the prime 55 Hectare site located at the entrance to the busiest port in Africa.

Lead Developer, Durban Point Development Company, is looking to release development sites for massive developments of a 5 Star Hotel, Offices and Shopping Centre adjacent to Ushaka Marine World.

The R380m extension of the Beachfront Promenade from Ushaka Marine World to the Harbour Mouth has now been completed and houses all the Water sport Clubs that spill out onto the beach.

The R200m MSC Passenger Line Terminal with Restaurants and Conference facilities is under construction and will be completed in September 2021.

To date over R2.5bn has been invested in this privately managed precinct, where public space, maintenance and safety is of top concern with 24/7 CCTV Cameras, overlooking every road and canal, and backed up by car and foot security personnel.

The next phase launched by DPDC has an estimated investment value of R5bn, with the balance over the projected 10-15 year horizon estimated to be between R25-30bn.

Features

Wharfside is to be constructed, on the prime site of the once popular Cosmopolitan Action Bar in Durban Point Waterfront’s historic Point Road, (Mahatma Gandhi) Precinct

On doorstep to The People Moving Bus Service that offers safe and secure (CCTV) transport in air-conditioned busses, to the CBD, Kingsmead Sport Precinct, which includes the Olympic Swimming Pool, World Class Golf Course, Soccer and Rugby Stadia as well as the Festive Florida Road entertainment strip

5th Floor Pool Clubhouse apartments with spacious patios.

8 Exclusive Penthouses with Private Rooftop gardens.

S12J Tax Allowance to Investors also equates to another approx. 32% off your already AT COST! This relates to only Holiday Letting apartments.

Great investor returns of approx. 15% pa on short-term Holiday and Corporate letting market. The well-established Prop247 will not only manage and market short- and long-term rentals on your behalf, but also furnish to the required Tourism Board standards, thus making it a “hassle free” process.

Strategically located site offering all units either harbour or sea views. Close walking proximity to just completed beachfront promenade, MSC new passenger Line Terminal and Ushaka Beach and Marine World.

The very Affordable 111 high quality apartments are sitting above 4 storey residents only parkade, with the 5th storey Pool Clubhouse Podium apartments, above which another 8 storeys of prime sea and harbour facing apartments are situated.

Wharfside’s 5th floor entertainment deck comprises a resident’s gymnasium and entertainment facility, opening out onto a swimming pool and sun terrace offering magnificent views over the working harbour.

Catering for all first-time owners with Studios, One-, Two- and Three-bedroom apartment options from floors 6 to 12.

All Apartments sold AT COST for the first time at the Point Waterfront, giving Investors an opportunity for great capital appreciation over the building period as well in years to come!

UDZ (Urban Development Zone) allowance for Investors. This effectively equates to an 18% discount on the purchase price. (Please refer to the sales office for detailed information on the S12J and UDZ Allowances).

Affordable pricing, starting at only R990 000 inc Vat.

Point Waterfront at a glance

Located at the entrance to Durban Harbour, the busiest port in Africa, the Durban Point Waterfront is one of South Africa's most significant and exciting property development and investment projects. Destined to become one of Durban's most prestigious addresses, and a key tourist attraction, the Durban Point Waterfront is rapidly transforming from a previously run down precinct into a multi-billion Rand property showcase.

With the first phase of the 14 mixed-use apartment, entertainment and retail complexes nearing completion, the Durban Point Development Company (DPDC) has recently released prime new development land in Phase 2 of the of the overall development plans and an exciting new era in the history of the new Point Waterfront is upon us!!!

The Durban Point is one of Durban's most historic and significant urban quarters. It has a superb location and enjoys access to a range of modes of movement including pedestrian, road, rail and sea, and therefore has local, national and international connections.

Over the years, Durban Point has been subject to creeping blight that has left it largely abandoned and vacant. Paradoxically, it represents of the most under utilised assets within the city of Durban. Intentions to revitalize the area have been mooted for several decades and it is only now, that it is finally undergoing significant redevelopment.

Much of the renewed impetus for this initiative has been the implementation of the Ushaka Marine World project. This "must-see-must-do" attraction was consciously targeted at creating a development impetus for the city, and Durban Point in particular, and is regarded as the catalytic project for the 55ha Durban Point Waterfront site.

The trigger for the development of Durban Point can be found in the water reticulation and purification system for Ushaka Marine World and the need to return that water to the sea via a canal. This led to the idea of creating a unique "waterfront city within a city" in which a system of canals forms the central spine of urban re-development and where the economic benefits of water frontage extend throughout the area.

The Durban Point Waterfront initiative is therefore not just an attempt to extend the city fabric in a banal way, nor is it intended to transform the area into an extended theme park or tourist resort. Rather, Durban Point Waterfront has become an important, well-defined and exciting additional to the city and a sought-after place to live, work and play.

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Available Units

R 3 780 050
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R 1 030 400
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R 3 612 150
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R 2 635 800
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R 1 658 300
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R 2 477 100
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R 3 620 200
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R 1 688 200
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R 2 501 250
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R 1 653 700
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R 2 191 900
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R 1 642 200
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R 1 074 100
Studio Apartment in Point Waterfront
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R 1 122 400
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R 2 797 950
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R 3 582 250
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R 1 604 250
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R 2 401 200
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R 2 180 400
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R 1 026 950
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R 2 117 150
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R 2 356 350
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R 1 741 100
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R 1 008 550
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R 2 538 050
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R 1 604 250
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